Political
Singapore government has always been in favour of the tourism sector. In fact, Singapore Tourism Board (STB) launched a $90million BOOST (building on opportunities to strengthen tourism) for the tourism sector). The initiative help pushed the industry through tough times by assisting MICE (Meetings, Incentives, Conventions, Exhibition) companies to alleviate their business costs (Singapore Tourism Board, 2009).
Not too long ago, the Singapore government cooperated with Indonesia to develop cruise ship tourism as Singapore is enjoying a cruise tourism boom (The Jakarta Post, 2011). This collaboration boosts economic bilateral ties and tourism. Previously, the Singapore government also backed entrepreneur Ong Beng Seng’s bid to
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Other international events such as the inaugural Youth Olympic Games and Asia-Pacific Economic Cooperation Meetings (APEC) also drew visitors from worldwide for both business and leisure.
In addition, with Singapore being a well-established hub for various sectors such as the finance and medicine, business travel in Asia has seen an increase by 20% compared to 2009 (Channel News Asia, 2010). With a rebound in Asian business travel, hotel occupancy in July hit a high of 90% an increase of 10.2% from 2009 and hotel room revenue grew 37.2% (The Business Times, 2010). Being the “Best Business Hotel in the World, Asia-Pacific and Singapore” as awarded by Business Traveller (Shangri-La, 2010), the surge in business travels is definitely advantageous to Shangri-La. Shangri-La, being a 5-star hotel is classified under the luxury scale. As deduced from table 4 (appendix B), luxury hotels have seen 9.8% increase in average occupancy rate from 2009 and the revenue per room saw an increase in 21.3%. However, in the midst of international turmoil, Mr Cheng, the Chairman of Singapore Tourism Board highlighted that the signs of a global economic slowdown are evident. It will likely have an impact on the growth of economies across Asia and Singapore has to brace herself for the rough times ahead (Singapore Tourism Board, 2011). Socio-cultural
Despite the rising standard of
On the 1st of January 1901, six British colonies were legalised by the British parliament to govern as a part of the Australian Federation. With the legalisation of unification also held the birth of national independence of Australia. Under a federal system, powers were divided between a central government and several regional governments. Power was divided between the federal government and the governments of the six colonies, which were renamed 'states' by the Constitution. One of the first pieces of legislation passed in the new Federal Parliament was the Immigration Restriction Act. Now known as the infamous White Australia Policy. This immigration restriction made it significantly difficult for Asians and Pacific Islanders to migrate to Australia.
If you are looking to purchase new windows for the home and your budget is tight, you can get high quality and efficient windows without having to purchase the most expensive windows on the market. Instead, you can choose what meets your budget and still get great windows as long as you take the time to research reliable options.
Despite the sharply negative shocks, Australian tourism continues to deliver its services where we have witnessed an increase in tourism expenditures of 5% from 2010 and recently FLT had enjoyed a remarkable growth to become a
HSE(health and safety executive): The HSE is national independent watchdog for work which linked to health and safety and illness. They a self-governing regulator and which also act in public attention to reduce work related death and serious harm which cross in the great Britain’s workplace.
The chart identifies the total MIPS consumed by various business products during the execution of the batch job for the selective set of policies.
Bed Bath and Beyond is struggling in the current market. This PEST analysis is aimed at determining what the major Political, Economic, Social, and Technological are in current business environment, and how these factors are affecting the Home Goods Retail industry. The modern polarized political sphere, especially in the United States, can mean that elections result in a massive change in policy, especially regulatory reforms on businesses. With an increasingly global and fluctuating economy, modern businesses need to be aware of everything from regional tax rates to international tariffs. Social norms are changing rapidly and are different from region to region, meaning that modern business’ needs to be aware of the social landscape they are operating in. Finally, the rate of technological growth is the highest it has been in the history of the Earth. All of these rapidly changing and nuanced factors need to be studied and well understood in order to run an efficient and effective modern business. All of these four factors are imperative in understanding why Bed Bath and Beyond is in its current financial situation.
I had the advantage to take numerous self-assessments tests to learn something about myself, that could benefit me in my personal growth and career aspirations. I feel that my self- assessments were very important to me because it had shown areas of where I am lacking in my abilities and empowering my strengths. My self- assessments were based on personal growth and career growth and my learning style of auditory. The personal self-assessments included, Jungian Typology (personality type), Productivity (time management), Locus of Control (behaviors and attitudes), Burnout Risk (state of emotional, mental and physical exhaustion) and a Stress Scale (a mental or emotional strain). The career growth self-assessments included, Communications
Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).
The hotels are preparing themselfes for that. Staff which speaks all kinds of languages, the guests can have food from their home country and they can even watch their favotite TV channels. The amount of international trips raised about 2%.
Located in Tsim Sha Tsui areas, both A&B and TLCL are luxury hotels targeting business travelers locating on higher floors, with A&B on 28th floor and TLCL on 11th floor, letting guests enjoy the gorgeous views, creating serenity sense. According to Shoval, Mckercher, Ng and Birenboim (2011), business travelers generally having day-trips probably be with sole purpose of doing business, they have limited time budget of traveling the city and tend to stay in the hotels for business preparation, Club Floor is therefore vital to luxurious business hotels for prestige and uniqueness demonstration of this target segment.
The Travel and Tourism industry is still one of the largest single businesses in world commerce and its importance is widely recognized. The tourism industry is now one of the largest sectors earning foreign exchange. In the face of many benefits, many countries have started assigning due weight age to the tourism industry in their national development agenda. Tourism is an industry that operates on a massively broad scale: it embraces activities ranging from the smallest sea-side hotel; to air-lines, multi-national hotel chains and major international tour operators. Originally, non-traditional industries such as tourism emerged as a solution to strike a balance between ecology and industry
In the next few years, China is saying that they are going to be investing billions of dollars into Hybrid technology. Honda is a automobile company who is well known for developing ad researching hybrid technology. They have been on the forefront of this new technology and for this reason they will be a top choice for this new hybrid technology. They will need to show the Chinese government that their technology is worth investing in. If they manage to do this, they will be bale to receive large amounts of money to use for the development of new hybrid technology.
Although Singapore Tourism industry performed outstandingly in year 2012, there are a couple of challenges expected to face in year 2013. While Singapore have recently launched a couple of iconic tourist attractions such as the Resort World Sentosa, Marina Bay Sands, Singapore Flyers and Gardens by the Bay, our neighboring countries also have a growing list of their own iconic attractions such as Legoland and Hello Kitty Land in Malaysia, Casinos in South Korea and the Philippines. Tourists in the Asia region like China and Hong Kong may consider visiting our neighboring countries over Singapore. This may reduce Singapore’s share of regional tourist spending and may in turn affect the growth of Singapore Tourism industry.
This article is about one of the most anticipated and talked about new developments in Singapore since its approval in 2005 by Prime Minister Lee Hsien Loong - The idea of “Integrated Resorts” (IR)
School of Management, Da-Yeh University, Chang-hua, Taiwan Department and Graduate School of Tourism Management, Chinese Culture University, Taipei, Taiwan Received 29 January 2004; accepted 28 June 2004